Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Not only SAME PLAN - from Sonora lithium, Mexico _____>over the border ---> USA [Tesla]/
Now, it is ALSO GM, FORD as PHALEN [Rem'er old timer] said as its logical given all the major American co's are there.
So, it WAS SO HUGE, SONORA LITHIUM NOW RANKED NO 1 IN THE WORLD [No 2 Thacker Pass but I think there is permitting etc ? - I have kept up to date] so, G now wants
THE AMERICAN CAR CO'S AS INVESTORS at SONORA LITHIUM -WOW WOW NEWS.
This is what Elon Musk was saying - Tesla has to GET INTO MINING LITHIUM now.
In the past, they buy the lithium hydroxide or carbonate. Now Elon wants to get the SPODUMENE and do the chemical processing. THESE BIG MAJOR CAR CO IN THE USA NEED MAJOR RANKED DEPOSITS, not tini wini small projects.
Well, well, SONORA--------------as they say, valuable deposit and all that.
All those who beefed against DL helped the cause so that the JV shareholders would NOT want a buyout from REM despite a TOP PRICE OF ÂŁ1 - this is now MORE than the actual takeover price by G....
HISTORY NOW.
Wed, 13 Apr 2022. news.
Wow …. Well well well … same plan ….. just like it was yesterday except we’ve had a pandemic and now a war . I’ll have look news, thank you . As we were then ….
https://www.bnamericas.com/en/news/ganfeng-eyes-strategic-investments-in-sonora-lithium-project 11 Apr 2022 by BNAmericas.
"WE ARE OPEN TO HAVING STRATEGIC I N V E S T O R S in our Mexico project. An INVESTMENT BY THE LIKES OF F O R D, G M OR T E S L A would help establish A NORTH AMERICAN SUPPLY CHAIN."
"12 mth delay - 1st production now planned for 2H24."
@Barksy1 I dont use my Twitter account to tweet as I dont know how to not use external links. If I tweet I will tweet from BNAmerias and include @DL's Twitter so that he can see it.
Well, Barksy1, REMEMBER PHALEN - he said that the ideal would be FORD as they are in Sonora as well as the OTHER CAR MANUFACTURERS [American]. See this is NOW THE PLAN
which DL wanted ie TESLA!!
LoL, so much for Mr X who likes the quiet type.
I think DL should know.
===
"Mexico President to fast track nationalisation of lithium if power reform thwarted."-Mining.com, 6 hrs ago, Wed, 13 Apr 2022.
Think the Yanks want the lithium for North America - read the details as I skimmed over quickly.
-----------------NOW, US REMER'S KNOW WHAT HAPPENED AS THE TRUE STORY IS UNFOLDING FROM THE HORSE'S OWN MOUTH ie G...----------------
news, Wed, 13 Apr 2022
Yep agreed News, but we are still very much in the mix unlike our cousins , anything could still happen , you never know what Elon has in mind. We have also got lots of other irons in the fire too !
On Twitter, someone posted a screenshot that Tesla is looking for a GEOLOGIST.
This is postulated by the poster to the tweet by Elon Musk about Tesla looking to mine lithium a few days ago.
==MORAL OF THE STORY @BARKSY1 and all old timers.==BCN/REM SONORA STORY [HISTORY NOW]==
To those who support DL, Founder and Chairman of REM plc [now renamed KDNC] eg Barksy1, myself etc received a lot of ....
Oh, the CEO of the JV was said to be QUIET and he gets on with the job vs DL.
LoL, BCN has now been taken over at LESS than ÂŁ1 offered by DL of REM plc. Now, history shows great unhappiness by BCN shareholders who now say tis and that and not favourable to the ....
REM/KDNC has still retained SONORA [30% JV] and has NOT SOLD out on the ...project.
So, personally, I prefer people who talk as opposed to people who are quiet as one does not know what is actually going on.
History now says that if TESLA OFF-TAKE DEAL BY DL HAD GONE AHEAD WITHOUT
THE JV PARTNER'S DIRECTORS NOT APPROVING IT, things would have been different - SA said that an off-take with Tesla would have made financing much easier.
Tues, 12 Apr 2022.
Posting for HISTORY of REM plc, now KDNC
For clarification that’s a quote from Ford’s Lisa Drake, Vice President of EV industrialisation.
https://www.proactiveinvestors.com.au/companies/news/979320/lake-resources-teams-with-car-giant-ford-in-non-binding-lithium-offtake-negotiations-979320.html
“This is one of several agreements we’re exploring to help us secure raw materials to support our aggressive EV acceleration,”
Can’t be long before they announce a similar agreement with Ganfeng and Sonora…. ;-)
David Lengias tweeted: "I WAS IN CHARGE OF THOSE TALKS." Sun, 11 Apr 2022.
DL, Founder of REM plc , now KDNC was tweeting in the thread that Elon Musk, Tesla tweeted that lithium prices are "insane" and that the co may have to go into lithium mining etc.
LoL. This was today, Sun 11 Apr 2022. I was wondering if DL would comment given opportunity KNOCKS TWICE.
https://twitter.com/DavidLenigas
Seen on Twitter today, 9.4.22, Joe Lowry tweeting Elon Musk to mention to him about LAC [Nevada lithium]. LAC is rated No 2 in the world for size of their deposit after Sonora [REM/BCN before it got sold to Ganfeng].
Another asked if ARIZONA Lithium would do. So, looks as it its more USA centered lithium deposits that is or may be of interest given the location to TESLA.
Given what I said in my post about REM-Sonora, it looks as if that WAS THE REASON WHY ELON MUSK, TESLA wanted to do a deal with DAVID LENIGAS for the lithium off-take from Sonora.
It may be due to PROXIMITY to the USA ie over the border. Only 2 factors here: clay tech know how to produce lithium and the Mexican factor.
Without the know-how, it is also no use to the Mexican factor.
Anyhow, BCN shareholders didnt want REM's bid of ÂŁ1 and so history shows it fell to Ganfeng at much less. Even greater unhappiness but that was inevitable once the REM offer was rejected by the board as under-valuing the co at ÂŁ1.
History is now complete.
Market Rebellion: "Elon Musk says Tesla may have to get into LITHIUM mining."
https://twitter.com/marketrebels Fri, 8 Apr 2022
The above is all over Twitter.
REM plc
I noticed the other day, REM was being discussed on the main forum ie KDNC.
I wonder if folks know that in recent times, DL, Founder of REM/KDNC was sent an article that Ganfeng/BCN was going to sell the Sonora lithium produce to Tesla given that's just over the border.
DL said that the BOARD [BCN] did NOT WANT THE TESLA deal at the time he clinched the deal for REM plc/BCN.
I posted on REM thread that still exists on the London South East website that SEEKING ALPHA SAID THAT THE TESLA DEAL WOULD HAVE OPENED DOORS FOR FINANCING Sonora.
Well, history tells us now what happened to the takeover of BCN.
However, the interesting part is that we now have heard from the HORSE's MOUTH ie DL and what happened to the Tesla deal he clinched.
====NOW TESLA WANTS TO GO INTO LITHIUM MINING---this was discussed recently relating to car makers having to go into lithium mining.===
news, Fri, 8 Apr 2022.
------------------All history now----------------
HC_Haplo : "Not that I'm complaining but lithium stocks are absolutely going mental."-
3.4.22
https://twitter.com/HC_Haplo/status/1510794802799210496
HC Haplo from Australia tweets about lithium stocks/space + green battery metals.
Hence, why DAVID LENIGAS, former Chairman and Founder of REM plc [new name KDNC] has gone to become Chairman of Riversgold on the ASX, chasing the hottest LITHIUM space in the Pilbara, home to Wogina and Pilbara Minerals MAJORS, Western Australia.
----------------Lithium story------
IEA says by 2030, 40x lithium demand possibly. See my post last night.
news, Mon 4 Apr 2022.
Last night, Stockhead.com.au posted about TOP 5 ASX Lithium stocks and fire under lithium stocks on the ASX, Australia.
David Lenigas, Founder of REM, now named Cadence Minerals was appointed Chairman of RIVERSGOLD on the ASX, Australia.
The Stockhead.com.au article of last night, Fri, 1 Apr 2022 listed 5 top lithium ASX stocks.
RIVERSGOLD NO 1 AT +840% IN 2022.
Riversgold is chasing LITHIUM in the PILBARA amongst Woodgina & PLS lithium mining giants [spodumene].
Nice for him. I always celebrate success especially since he is the Founder of REM/KDNC and former Chairman of REM.
Sat, 2 Apr 2022.
Whatever Ganfeng does or does NOT do has nothing to do with the share price of CADENCE MINERALS. I merely read that "Ganfeg will then list BCN as a private co."
So, what is the harm in saying about talking about corporate structure? It is only of interest to those from a COMPANY LAW BACKGROUND. Just something to learn and see if they FOLLOW the Solgold-CGP need to merge CORPORATE STRUCTURE.
I usually post here and out pops the DIFFERENTIAL. Didnt your Honour said on KDNC that everyone post their ideas?
So, NO ONE IS RIGHT UNTIL PROVEN OTHERWISE so why split hairs ovr something that is of
NO MOMENTO?
Not so sure why you're so insistent that a 'new' co will be formed, as below the JV's are both owned by holding companies (Mexilit & Megalit) which are both owned 70% by Bacanora & 30% by Cadence ..... all that's happened is that GFL have (or will now) purchased the entire issued share capital of Bacanora .... there's no reason that Bacanora will or must stop operating as Bacanora but just as an entirely controlled & owned entity of GFL .... in fact it would be simpler & more straightforward if they do as an existing established trading entity within Mexico as it would save all the work & effort of setting up a new company when they have a perfectly good operating one already ...of course they could change the name but that wouldn't change, impact or alter the companies set up over the JV's.
The big question is & will be what to do about their 30% JV partner - which I'm really looking forward to finding out in due course :-)
On Twitter yesterday, there are lots of new articles coming out of Mexico given the President is hopping with the takeover of Bacanora Lithium in Mexico.
Blame has been put on the regulator there?
So, lots of hoo haa with a Mexican economist wading in as well on Twitter.
So, lets see what the acquirer will do now but for sure from a corporate legal structure, it would be ideal only in my view, to put the whole of Sonora under 1 new co [has to be private due to Bacanora delisted]. Await what Kiran Mozaria has to say [CEO] of Cadence Minerals on this.
Sat, 29 Jan 2022.
Trident Plc has just posted they have taken a 1.25% GRR over SONORA lithium.
Article relates. Big wonga and reported by UK Investor Mag.
CLICK to read.
https://twitter.com/TridentPlc/status/1487083549866004482
==
GANFENG takes Bacanora private and setting up private co. Kindly check again as I cant see the original blurb. Let's wait and see but usually everything has to be consolidated.
LoL ... No worries :-)
Sorry Ban, I thought that post was from news ??
Thanks news ;
Both - that's not how it works .... JV1 licences are held by Mexilit who in turn are 70% owned by Bacanora & 30% owned by Cafence as below :
Mexilit S.A. de C.V. (Mexilit) - BNamericas
Mexilit S.A. de C.V. is a subsidiary of Bacanora (70% interest) and Cadence (30%). The company is the owner of El Sauz, El Sauz 1, El Sauz 2, ...
When Ganfeng take Bacanora 'private' they won't be listed or tradeable on any public stock exchange .... Ganfeng will simply own Bacanora & all its assets & continue as Bacanora as a wholly owned subsidiary of Ganfeng unless they dissolve the company, take all its assets into Ganfengs sole & direct ownership & if that happens Mexilit S.A will simply become owned 70% by Ganfeng instead of Bacanora & 30% by Cadence ....... unless of course Ganfeng buy our 30% of Mexilit from us ....... the same scenario plays out for the Megalit JV's.
Continue not congruent
Well news, thank you , I must say I’m glad you think it isn’t beyond the bounds of possibility that Ganfeng could take Sonora private. So if we can’t congruent together in that form maybe we will form one big company together perhaps , if it is at all possible .
Or is it possible to deal with Ganfeng and swop some of jv1 for some of their jv2 plus cash so we have still got potential in Sonora . Who knows …. Kiran and the bod do ;
Barksy1 on the main forum is asking if Ganfeng will take SONORA private?
From what I have read, BACANORA LITHIUM on the London Stock Exchange will BE DELISTED ON 26 JAN 2022 AT 7AM.
Gangfeng will then LIST BACANORA AS A PRIVATE CO.
None of the article state where this private co will be listed ie LONDON, USA etc or Mexico.
However, from what I know, REM Mexico that holds the Great Sonora JV deal plus a bit of the Stage 1 appears to be NOT ABLE to go on in this form?
Why? From what I know, the SONORA LICENCE [lithium] SHOULD BE HELD IN 1 CO and
Bacanora and REM Mexico Ltd appears to be incompatible as a CORPORATE STRUCTURE.
For example, REM Mexico [Cadence] may agree to have a SHARE IN THE NEW PRIVATE CO that Gangfeng will incorporate but what are the terms:
[1] Could it be that the whole deal is re-calibrated ie NPV etc and then REM Mexico Ltd will have new shares in Ganfeng's new SONORA PRIVATE CO?
[2] Could it be that Ganfeng will offer REM Mexico Ltd to BUY IT OUT and for what price?
Kiran Mozaria said that if offered a reasonable price, then of course?
[3] Kiran Mozaria also said that if they are allowed to develop Sonora, then ? of course?.
Can Cadence take on Amapa, perhaps coming Litchfield/Picasso and Sonora?
One will have to wait and see for so many NEWS due soon?
[4] Or will Cadence be o.k with converting their REM Mexico Ltd to NSR?
So, many TYPES OF CORPORATE STRUCTURES that one cannot tell given one is NOT PRIVY
to any approaches or friendly hints from Ganfeng.
Certainly, like Solgold and Cornerstone, it was messy corporate wise with 2 co's owing 1 ENSA CASCABEL LICENCE. Hence why Solgold tried to take over Cornerstone.
So, have to wait and hope Kiran Mozaria will inform as soon as able.
Sorry, hurrying off , so not editing for errors.
News, Sat 22 Jan 2022.
Ganfeng took over Bacanora Lithium and the co will delist on 26 Jan 2022 at 7am
from the London Stock Exchange. It will then list Bacanora as a PRIVATE CO.
Given Cadence Minerals has a JV in the Greater Sonora lithium project and a bit in the 1st stage, will it not mean that Ganfeng will have to keep Cadence informed and start discussions?
Discussion as to how the private co will be incorporate relating to REM MEXICO who holds the Sonora lithium project JV etc?
One to wait and await Kiran Mozaria's update on this if any?
Thur, 20 Jan 2022.